An income statement account that is used to record cash overages and cash shortages arising from petty cash transactions or from errors in making change is titled:

A) Cash Lost.
B) Bank Reconciliation.
C) Petty Cash.
D) Cash Over and Short.
E) Cash Receivable.

The income statement account used to record cash overages and cash shortages arising from petty cash transactions or errors in making change is titled "Cash Over and Short." Therefore, choice D is the correct answer. Choice A, Cash Lost, is not correct as it suggests a permanent loss of cash rather than a temporary discrepancy. Choice B, Bank Reconciliation, is incorrect as it refers to reconciling the balance between the bank statement and the cash balance in the company's accounting records. Choice C, Petty Cash, is incorrect as it refers to a fund used to pay for small, everyday expenses. Choice E, Cash Receivable, is not relevant to the question as it refers to the amount of cash owed to the company by its customers.